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Little Books Inc. recently reported $15 million of net income. Its EBIT was $27 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $15 million net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar Problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Please evaluate antitrust and legal rights in a business context. Dole Food Co. v. Patrickson 538 U.S. 468 (2003). Also write facts, issue, decision of the court, reasoning of the court, etc. Using APA formatting. Seven to ten pages minimum.
EBML and Action Research
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